Market Scenario
Globally, it has been found that the pet packaging market grows at a CAGR value of nearly equal to 4.90% during the market forecast period of 2022 to 2030.
Competitive Dashboard
The prominent players operating the global PET Packaging Market Growth, are
- Berry Plastics Group Inc. (U.S.)
- Amcor Limited (Australia)
- Silgan Holdings (U.S.)
- Rexam PLC (U.K.)
- Resilux NV (Belgium)
- PET Power B.V. (The Netherlands)
- Graham Packaging Company (U.S.)
- Dunmore Corporation (U.S.)
- CCL Industries, Inc. (Canada)
- GTX Hanex Plastic Sp. Z O.O. (Poland)
- I. Du Pont De Nemours and Company (U.S.)
- Smurfit Kappa Group PLC (Ireland)
- Gerresheimer AG (Germany)
- Huhtamäki Oyj (Finland)
- Klöckner Pentaplast GmbH Co. Kg (Germany)
Segmental Analysis
The pet bottle manufacturing market has been segmented on the basis of packaging type, form, pack type, end-use industry, and region.
By mode of pack type, the PET Packaging Market Growth has been segmented into bags pouches, bottles jars, lids/caps closures, trays, and others. Among these, the bottles jars segment is considered to be dominated and is also presumed to witness phenomenal growth during the assessment period as they are light in weight, bendable, safe, and 100% recyclable.
By mode of end-use industry, the global PET Packaging Market Growth, has been segmented into personal care cosmetics, food beverage, pharmaceuticals, household products, and others. Among these, the food beverage segment acquires the major market share and is considered to witness the highest CAGR. The varying consumer preferences for healthy packaged food is stimulating the growth of PET Packaging Market Growth, in the food beverage sector.
Regional Insights
Geographically, the PET Packaging Market Growth, span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
The European region is anticipated to expand with the highest CAGR owing to factors such as growing investment by the companies in the packaging of pharmaceutical and healthcare products. The region has also witnessed tremendous growth in the medical sector which has created lucrative opportunities for PET packaging in the healthcare sector.
The North America region is anticipated to dominate the global PET Packaging Market Growth, owing to the growing investment in the research and development activities and product innovation.
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